SEOUL, Oct. 3 (Korea Bizwire) — Hyundai Motor Co. plans to launch two electric vehicle models in Japan by early next year, as it seeks to increase sales in the Japanese market, according to company officials Tuesday. Hyundai currently sells the Nexo hydrogen fuel-cell electric vehicle and the Ioniq 5 midsize crossover there through an [...]
SEOUL, Oct. 2 (Korea Bizwire) – Honda Korea Co. is beefing up its product lineup to revive sales after they plunged nearly 70 percent in the January-August period from a year earlier due mainly to a lack of new models. Honda Korea Co. has recently launched two all-new models — the 3.5-liter gasoline-powered Pilot and [...]
SEOUL, Sept. 30 (Korea Bizwire) –Hyundai Motor Group’s special electric vehicle platform, E-GMP, has achieved impressive sales of over 500,000 units. Both Hyundai and Kia reported that they collectively sold 517,290 electric vehicles using the E-GMP platform globally. This achievement began in 2021 when the first model, the Hyundai Ioniq 5, hit the market and [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will launch the face-lifted GV80 SUV and the first coupe model under its independent Genesis brand in the domestic market next month as it beefs up its lineup. Hyundai Motor launched the first-generation GV80 SUV in January 2020 and has since [...]
SEOUL, Sept. 26 (Korea Bizwire) – Hyundai was named the brand that Indian dealers are most satisfied with. On Tuesday, Hyundai Motor Company announced that it secured the top spot in the overall automobile brand category in the 2023 Dealer Satisfaction Survey conducted by the Federation of Automobile Dealers of India (FADA). They surveyed 1,821 [...]
SEOUL, Sept. 25 (Korea Bizwire) – In the Korean automotive industry, there’s a big debate about something called “employment inheritance clauses.” Recently, Hyundai Motor successfully completed five years of wage and collective bargaining discussions without any interruptions. But Kia is currently facing a tough battle in negotiations with its labor union. In this year’s wage talks, [...]
SEOUL, Sept. 24 (Korea Bizwire) – Kia Corp.’s EV6 GT topped this year’s evaluation of electric vehicle models by a leading German automotive magazine, Auto Motor Und Sport, beating Ford Motor Co.’s Mustang Mach-E SUV, Hyundai Motor Group said Sunday. Hyundai Motor Co.’s independent Genesis brand’s GV60 SUV ranked second in the competitive EV evaluation [...]
SEOUL, Sept. 24 (Korea Bizwire) – South Korean companies have asked the United States to clarify from which foreign companies they are not required to import critical electric vehicle (EV) battery minerals under the U.S. Inflation Reduction Act (IRA), industry sources said Sunday. Senior executives of South Korean battery and material companies made the request [...]
SEOUL, Sept. 24 (Korea Bizwire) –LG Chem Ltd., South Korea’s leading chemical company, said Sunday it has partnered with China’s Huayou Group to build four electric vehicle (EV) battery material plants in Morocco and Indonesia amid an acceleration in electrification. On Friday, LG Chem signed four separate initial pacts with Huayou Group to build [...]
SEOUL, Sept. 23 (Korea Bizwire) – A recent report reveals that Incheon International Airport has grappled with the impact of illegal drone activities, resulting in over 80 flight disruptions, including delays and diversions, within the past three years. Based on data furnished by the Incheon International Airport Corporation to the National Assembly and made public [...]